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ONDO price slides as team-linked Coinbase deposits increase supply and sellers dominate trading activity.

Technical Signals
12 Aug 2026
AMBCrypto
View Source
Bearish
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A wallet linked to the ONDO team transferred 4 million ONDO tokens to Coinbase, adding to a total of 12 million tokens moved to the exchange, increasing supply pressure. Spot market activity shows sellers dominating, with declining trading volume and weak buying interest, pushing ONDO's price down toward key support at $0.3101. Although derivatives traders remain somewhat bullish, their conviction is weakening, and positive funding rates are falling, indicating fragile support. If ONDO fails to hold the $0.3101 support, it may face further price declines, while a recovery above $0.3778 is needed to reverse the bearish trend.

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